Personal

15-Year Or 30-Year Fixed Mortgage Calculator

For some homebuyers, deciding on the term of their mortgage loan can be a difficult choice: while a 30-year fixed-rate loan can have lower payments, you could save thousands of dollars in interest with a 15-year mortgage. Our 15- vs. 30-year Fixed Mortgage Calculator lets you compare monthly payments to help you decide what loan term works best for you.

Calculators are provided by a third party service. All examples are hypothetical and for illustrative purposes only; not intended to be an advertisement for product or services. First Internet Bank encourages you to seek independent advice from qualified professionals regarding your personal finances. The results are estimates based on information you provided and may not reflect our product terms, nor determine your eligibility for a specific product or service.